Despite knowing what the cause is, the implications remain the same. Project financing was done based on budget, which has gone up LocalContent Ingrastructure Contract ForceMajeure
But in this instance, it is clear that CoVID-19 is a major cause globally, therefore to a large extent, it could well be classified as ‘force majeure’, which in a layman’s term stands for an Act of God.
The biggest problem of all is even getting payments at all. Most professional bodies will tell you how difficult it was and part of the reasons is that people no longer value services, they prefer goods. Definitely, the 1996 professional fees scale having being so long and so much time gone by, needs to be replaced. However, there are methods through which that can be done, by updating, and upgrading it. What’s key is that let the client even pay appropriate fees.
Participation of indigenous engineers in the railway project is still at lower ebb, what do you think is responsible for this and how do we improve on the involvement of indigenous engineers? Once every developer or project financier is aware of the regulation, they must make sure that there is certain amount of Nigeria content in contracts. If that happens, Nigerian engineers will now build their experience, exposure and skills, and it ends up having very positive effects on the industry and economy.
Dwindling resources usually lead to trying to cut corners, or trying to lower standards. I will say without apologies whatsoever that most of the problems of collapses and failures of project have been linked to non-usage of professionals.
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